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Business, 29.03.2021 19:40 naomicervero

Please choose the statement that is INCORRECT? Multiple choice question. Investing in capital assets allows taxpayers to defer recognizing gains until the assets are sold resulting in a lower PV of capital gains tax. The tax advantages of holding an asset for more than a year overrides the risk of declining values in the investment. Taxpayers should balance the tax benefits of holding assets with the risk that the asset values will have declined by the time they are sold. Gains on the sale of capital assets are taxed at rates lower than a taxpayer's marginal rate if the assets were held for more than one year.

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Please choose the statement that is INCORRECT? Multiple choice question. Investing in capital assets...

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